Gold Closes $6.90 Lower Today.....................

The Gold market was Bearish and CHOPPY today resulting in a technical profit taking sell-off.
The market found resistance up at the $666.00 level and despite a Higher Crude Oil market the very strong U.S. Dollar led the way to the Gold market sell-off. As I wrote( in yesterday's BLOG) Friday's are notorious for closing out positions..(PROFIT TAKING).................
The Gold traded in a BIG $9.90 point range today....HIGH..665.30 LOW..655.50 CLOSE..657.30.............DOWN..$6.90 on the day.....................................................
Geo-political news to keep an eye on.........(1) Iran's President Ahmadinejad was granted a U.S.
visa to attend a United Nations vote to broaden sanctions against Iran. (2) Iran has captured more than a dozen Military personnel and two vessels taking them back to Iran.Iran claims the British vessels were in Iran's waters.The British are demanding immediate release of all.
(3) Iraq's Deputy Prime Minister was injured by a suicide bomber outside a mosque.........
These types of events are not only a threat to world peace they could move the Crude Oil /Gold markets significantly.... The following are my guide-line numbers for Monday 3/26.April Gold...
RESISTANCE.......670.00
RESISTANCE.......664.50
PIVOT...660.00
SUPPORT.............654.50
SUPPORT.............650.00

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